Rosewood MHP

Rosewood MHP represents a unique opportunity for an experienced manufactured housing operator to acquire a 125-site MH asset with significant value add upside.​ Located in Lumberton, North Carolina, and part of the Fayetteville MSA, the market has convenient access to Interstate-95 situated between Wilmington and Fayetteville.​ The community is serviced by city water and sewer.​ Water, sewer and electric are direct billed while trash is billed back to the residents.​ The property presents a significant upside for a capitalized buyer as it is currently operating at 65% occupancy.​ All the vacant sites have the necessary utility infrastructure in place.​ The average lot rent of $450 per month will be effective on March 1.​ Of the 81 occupied sites, 69 are TOH and the remaining 12 are POH.​ There are also 6 abandoned homes and 1 office.​ There is the opportunity to infill the 37 vacant sites with new homes to drive occupancy.​

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  125 sites in Lumberton, North Carolina (Fayetteville MSA) – Robeson County

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  65% occupancy - opportunity to infill new homes to drive occupancy and improve the community

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  $450 per month average site rents – effective March 1

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  City water and sewer service - water, sewer and electric are direct billed while trash is billed back to the residents